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. >> gregg: will be the president be working on these issues during his christmas holiday in hawaii or is it golf and r&r and spending time with the kids? >> mostly r&r but on friday the president acknowledged there might not be time for any grand bargain. he scaled back for expectations for the rest of the year. one democrat said a larger deal is not impossible. >> we what we ought to do is take speaker's last offer, president's last offer and split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done, that would be close to the $4 trillion we needed to stabilize the debt and begin to bring it down. >> reporter: to do that the president is demanding wealthy pay higher taxes. >> gregg: steve, thanks. >> heather: gregg, president obama is taking a break from the stress of fiscal cliff negotiations spending the holiday in hawaii. there is also a somber moment on his schedule. president and first lady attending a memorial service for daniel i inouye. >> he is leaving the fiscal cliff worries back home. we are
in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction.
complications on monday, at age 88. he will be returned home to hawaii tomorrow, and a public service will be held at the national memorial cemetery of the pacific on sunday, before he is laid to rest in his home state. the service is about one hour and 45 minutes. >> i am resurrection, and i am light, says the lord. whoever has faith in the show have life, though he dies. everyone who has life and has committed himself to me in faith shall not die forever. as for me, i know that my redeemer lives, and that of the last you will stand upon the earth. after my awaking, he will raise me up. and in my body, i shall see god. my eyes shall behold him who is my friend and not a stranger. ford none of us has life in themself, and nunn becomes his own master when we die. for if we have life, we are alive in the lord, and if we die, we die in the lord. so then whether we live or die, we are the lord's possession. happy from now on are those who die in the lord. so it is said of the spirit, for the rest from their labors. >> as dean of washington national cathedral, on behalf of the bishop, i we
short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall a very nice commute this morning. 237, those taillights there on the far right hand side of your screen w
be interested to see. he was the pros -- supposed to leave for hawaii for his christmas vacation today. i do not think it would happen. this morning around 10:30 a.m. for the national -- at the national cathedral for the funeral. i did not know what he does next. democrats have been saying all along they were prepared to go over the cliff if they were not presented with a deal they thought was acceptable. i think it is possibly even at this point looks likely to happen. and then they would have to move on what is next. they always believed from a strategic perspective that if they went over the cliff, all of the taxes would expire and any thing the house republicans would pass from then on out would be a tax cut as opposed to a tax increase. this has been a rhetorical proposition that was put out by even senator patty murray as early as last july. the funny thing what is when you heard top republican talkers and leadership discussing the vote that was supposed to be happening last night that is how they phrased it. not a tax hike but letting rates rise on an income where it was already set t
, a memorial service here at national cathedral. he will be returned to his home state hawaii on saturday and a public service will be held at national memorial cemetery in the pacific on sunday before he is laid to rest. >> identifies failure -- >> ahead of that republican, senator mccain, a out and grandpa holding a briefing of a new state department report on the benghazi consulate. >> ensure the safety of our fellow americans serving our nation overseas. it's a good start but it's only a start. a tragedy in benghazi raise a lot of other serious questions about our military, intelligence community, and perhaps most importantly, the administration so-called light footprint approach to libya and so many other challenges. they do not provide answers to these questions because it never asked them. it's essential defense department conducted similar independent and comprehensive accountability effort on the occasion of the worst terrorist attack in american history after repeated attacks on u.s. and western interests in benghazi. why were no, no, no. to assets or units posture, alert and re
Search Results 0 to 5 of about 6

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